UK Inflation Remains Highest in G7

Date:

Official data showed that the biggest contributor to July’s rise in inflation came from transportation costs.

UK Inflation Remains Highest in G7

London Stock Exchange offices on Dec. 29, 2017. Toby Melville/Reuters

Guy Birchall

|Updated:

UK inflation hit its highest level in 18 months in July when it increased to 3.8 percent from 3.6 percent, official data showed on Aug. 20, leaving the country with the fastest rate of price increases in the G7.

Inflation in the UK services sector accelerated to 5 percent from 4.7 percent in June.

Guy Birchall

Guy Birchall is a UK-based journalist covering a wide range of national stories with a particular interest in freedom of expression and social issues.

Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

US Dollar Surges After Markets Begin Pricing in Fed Rate Hikes Later This Year

Other central banks have signaled a tighter-for-longer monetary policy...

Fed Moves to Ease Capital Rules for Banks

The move could free up billions for lending, as...

4 Strategies for an Organized Tax Season

Good tax habits can turn a stressful season into...

Ukrainian Drone Experts Deployed to Protect Gulf Infrastructure From Iranian Attacks

An instructor from the Ukrainian company General Cherry demonstrates...